Dollar General (NYSE:DG) Sets New 12-Month High on Analyst Upgrade

Dollar General Corporation (NYSE:DGGet Free Report) shares hit a new 52-week high during trading on Wednesday after Jefferies Financial Group raised their price target on the stock from $165.00 to $178.00. The company traded as high as $156.28 and last traded at $156.1670, with a volume of 465490 shares traded. The stock had previously closed at $153.96.

A number of other equities research analysts also recently issued reports on DG. Citigroup lifted their price objective on Dollar General from $112.00 to $138.00 and gave the company a “neutral” rating in a research report on Monday, December 8th. BNP Paribas Exane raised their target price on shares of Dollar General from $118.00 to $127.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. BMO Capital Markets lifted their price target on shares of Dollar General from $130.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Piper Sandler increased their price objective on shares of Dollar General from $117.00 to $129.00 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research report on Monday, December 29th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average price target of $145.85.

Read Our Latest Stock Analysis on DG

Insider Transactions at Dollar General

In related news, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the sale, the executive vice president directly owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This represents a 9.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anita C. Elliott sold 2,516 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $132.52, for a total value of $333,420.32. Following the transaction, the chief accounting officer owned 29,344 shares of the company’s stock, valued at $3,888,666.88. This trade represents a 7.90% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is currently owned by corporate insiders.

Trending Headlines about Dollar General

Here are the key news stories impacting Dollar General this week:

Institutional Investors Weigh In On Dollar General

A number of institutional investors and hedge funds have recently bought and sold shares of DG. Elevation Point Wealth Partners LLC purchased a new stake in shares of Dollar General during the 2nd quarter valued at $25,000. Caldwell Trust Co acquired a new position in Dollar General during the 2nd quarter valued at about $25,000. Fideuram Asset Management Ireland dac purchased a new stake in Dollar General in the fourth quarter valued at about $25,000. Atlantic Union Bankshares Corp purchased a new stake in Dollar General in the second quarter valued at about $26,000. Finally, Root Financial Partners LLC acquired a new stake in Dollar General in the third quarter worth about $26,000. 91.77% of the stock is owned by institutional investors.

Dollar General Price Performance

The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63. The firm has a market cap of $34.38 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 2.54 and a beta of 0.25. The stock has a 50 day moving average price of $144.66 and a two-hundred day moving average price of $120.65.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, topping the consensus estimate of $0.95 by $0.33. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $0.89 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. As a group, equities analysts expect that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, January 6th. Dollar General’s dividend payout ratio (DPR) is 40.76%.

About Dollar General

(Get Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

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